The Los Angeles Post
U.S. World Business Lifestyle
Today: March 21, 2025
Today: March 21, 2025

Exclusive-Barclays to lay off dozens of US consumer employees - source

FILE PHOTO: Illustration shows Barclays Bank logo
April 26, 2024

By Lananh Nguyen and Lawrence White

NEW YORK (Reuters) - Barclays Plc is laying off dozens of staff in its U.S. consumer banking division as part of a global drive to cut costs, according to a source familiar with the situation.

The redundancies account for about 3% of employees in the bank's U.S. consumer division, said the source, who declined to be identified discussing personnel matters. The staff were informed earlier this week, the person said.

"We review our business on a regular basis to ensure we are operating as effectively and efficiently as possible," a spokesperson for Barclays said in a statement. "These decisions are never easy and employees whose roles have been impacted will receive a full range of transition services."

(Reporting by Lananh Nguyen in New York and Lawrence Wright in London; Editing by Chizu Nomiyama)

Related Articles

Food delivery company Grubhub to cut 500 jobs Social Security Administration could cut up to 50% of its workforce Democratic governors pitch state jobs to federal workers cut by Trump US companies announce layoffs to cut costs
Share This

Popular

Business|Europe|Travel|World

The Latest: Heathrow coming back to life hours after fire shut down busy hub

The Latest: Heathrow coming back to life hours after fire shut down busy hub
Business|Entertainment|Technology

Twitter bird sign sells for nearly $35,000 at auction

Twitter bird sign sells for nearly $35,000 at auction
Americas|Business|Economy|Environment|Political

Panama reopens talks about the future of a controversial copper mine, but opposition remains

Panama reopens talks about the future of a controversial copper mine, but opposition remains
Asia|Business|Economy|Political|Stock Markets|US

Stock market today: Wall Street closes higher, snapping a 4-week losing streak

Stock market today: Wall Street closes higher, snapping a 4-week losing streak

Economy

Business|Crime|Economy|Political|Technology|US

US scraps sanctions on Tornado Cash, crypto โ€˜mixerโ€™ accused of laundering North Korea money

US scraps sanctions on Tornado Cash, crypto โ€˜mixerโ€™ accused of laundering North Korea money
Business|Economy|Finance|Political|US

North Dakota oil regulator expects lower oil prices this year amid Trump tariff uncertainty

North Dakota oil regulator expects lower oil prices this year amid Trump tariff uncertainty
Business|Economy|Political|US

US trade chief to meet with Chinese counterpart as Trump-Xi talks loom

US trade chief to meet with Chinese counterpart as Trump-Xi talks loom
Asia|Business|Economy|Political

India parliament panel asks government to cut tariffs to boost local manufacturing

India parliament panel asks government to cut tariffs to boost local manufacturing